RGREEN INVEST, a French independent investment management company specializing in financing the energy transition, has provided €58 million ($68 million) of construction financing to Hamburg-based independent power producer NEAG Norddeutsche Energie to support the buildout of two new onshore wind farms in Germany.
With a combined installed capacity of 44 megawatts, the two projects will be equipped with the latest generation of wind turbines supplied by German manufacturer eno energy. They will be located in Mecklenburg-Vorpommern and Saxony-Anhalt — sites that benefit from long-term feed-in tariffs awarded under Germany’s Renewable Energy Sources Act — and will be operated under 20-year full-service agreements.
“This financing marks an important milestone for NEAG in the realization of two new wind projects,” said Nik Piening, CEO of NEAG. “It allows us to move forward swiftly and reliably in construction, while staying true to our strategy of building a
